iFixit, the folks who have the cojones to teardown Apple products to take a look at the insides (actually, they really know what they're doing) have deconstructed the new Apple TV.
Here is the older Apple TV:
The components are definitely packed into a small space, but neatly so.
Here are some highlights from the teardown followed by more photos:
– Apple TV has 256 RAM, which is just like the iPod Touch 4G and the iPad.
– Another interesting thing is that the solder pads near the side of the logic board are, as they describe, "a perfect match for a dock connector," and that perhaps the logic board can be used in future iPads.
– Samsung K9LCG08U1M 8GB NAND flash chip. Which they say is a "remarkable amount of storage for a $99 device." They say this will likely be used to cache your shows while they are being streamed, but they point out that they "wonder what else you could do with 8GB of exploitable storage?"
Check out some of the other highlights of their teardown: iFixit.com